As the AI revolution continues, chip designers and cloud service providers have thrived, leading to a growing focus on infrastructure, particularly neocloud services that allow businesses to rent GPU access via cloud-based platforms. Popular neocloud providers include CoreWeave, Oracle, and Nebius Group. A notable new entrant in this space is Iren (NASDAQ: IREN), which presents a unique opportunity amid the booming AI infrastructure market. The demand for GPU resources is driving hyperscalers to expand their data center capabilities rapidly.
